Page 75 - Pantego Adopted Budget FY20

Pantego Economic Development Corporation Budget
COMBINED Statement of Revenues and Expenditures
Fiscal Year 2019-2020
901
Debt Service
Operating Fund Project Fund Fund Total

Estimated Beginning Fund Balance $ 1,067,918 $ - $ 199,636 $ 1,267,554

REVENUES
Sales Tax Revenue $ 468,808 $ 189,323 $ 658,131
Oil and Gas Royalty 500 - 500
Other Revenue 5,000 5,000
Interest Income 19,000 - 2,500 21,500
TOTAL REVENUE $ 493,308 $ - $ 191,823 $ 685,131

EXPENDITURES
Principal Payment $ - $ - $ 175,000 $ 175,000
Interest Payment - - 22,955 22,955
Contract Services 2,500 - - 2,500
EDC Consultant 68,050 - - 68,050
Arlington Chamber of Commerce 12,000 - - 12,000
Marketing and Advertising 68,050 - - 68,050
Activities 8,500 - - 8,500
Park Operations/Maintenance 40,250 - - 40,250
Travel/Training/Other 5,050 - - 5,050
Economic Development Grants 100,000 - - 100,000
Bicentennial Park - - - -
Economic Development Projects 500,000 500,000
TOTAL EXPENDITURES $ 804,400 $ - $ 197,955 $ 1,002,355

TRANSFERS OUT
Transfer to GF (Admin Fees) $ 68,040 $ - $ - $ 68,040
Transfer to GF (Park Maintenance) 98,775 - - 98,775
Transfer to GF (CRB) 12,000 - - 12,000
TOTAL TRANSFERS OUT $ 178,815 $ - $ - $ 178,815

Change in Fund Balance (489,907) - (6,132) (496,039)

Estimated Ending Fund Balance $ 578,011 $ - $ 193,504 $ 771,515